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Oct 1, 2012
10/12
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MSNBCW
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of course everybody wants a tax cut, but if it's not going to cause bigger deficits, tell us how you're going to do it, and they won't do it. they won't say we're going to get rid of charitable deductions, won't get rid of homeowner, state and local. that's where all the money is. it's not little doodads here. joan, you take this one. he won't tell us. same question comes up wednesday night, can romney dodgeball it? can he say i'm not telling you how i'm going to do the major thing i promised to do, get the economy going through a tax cut, but i'm not going to tell you how i'm going to do it. can he get away with it with even the -- >> i hope not. i think this is a moment for jim lehrer to be very tough, respectful tough, and for president obama to come back at him and to say, look, i'm happy to see -- your running mate said he didn't have enough time on sunday. that's too bad. that's terrible, in fact. i'm willing to cede, governor romney -- >> could jim lehrer get away with simply saying, i have a little liberty here, a little leeway, i will give you all the time it takes. tell us now
of course everybody wants a tax cut, but if it's not going to cause bigger deficits, tell us how you're going to do it, and they won't do it. they won't say we're going to get rid of charitable deductions, won't get rid of homeowner, state and local. that's where all the money is. it's not little doodads here. joan, you take this one. he won't tell us. same question comes up wednesday night, can romney dodgeball it? can he say i'm not telling you how i'm going to do the major thing i promised...
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the purpose of cutting taxes now is not to incur a budget deficit but to achieve a more prosperous expanding economy which can bring a budget surplus. could you have said it any better? >> no, i could not. the other thing kennedy said a rising tide lifts all boats. in other words he was getting away from the class warfare stuff. the class warfare thing makes a lot of sense politically but only politically. i don't think, obama knows this because he was asked this question back in 2008 and he understood sometimes you jack up the tax rate you get less and sometimes you bring it down and you get more but, his goal obviously is not to get more revenue for the government. it is to get more votes for himself by painting the republican as defenders of e rich while he is the champion of the middle class and the poor. david: well in 1980, as you well remember they tried the same thing against ronald reagan. in fact even some republican like george herbert walker bush called it voodoo economics this idea. the american public didn't like it. we like the notion of lower tax rates across the board for ev
the purpose of cutting taxes now is not to incur a budget deficit but to achieve a more prosperous expanding economy which can bring a budget surplus. could you have said it any better? >> no, i could not. the other thing kennedy said a rising tide lifts all boats. in other words he was getting away from the class warfare stuff. the class warfare thing makes a lot of sense politically but only politically. i don't think, obama knows this because he was asked this question back in 2008 and...
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Oct 4, 2012
10/12
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KNTV
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. >> you said you'd cut the deficit in half. it's four years later, we still have trillion-dollar deficit. >> the way we do is for additional cut, we ask for a dollar of additional revenue, paid for, as i indicated earlier, by asking those of us who have done very well in this country to contribute a little bit more to reduce the deficit. >> reporter: the president insisted romney would spend $5 trillion on tax breaks favoring the wealthy. >> math, common sense and our history shows us that's not a recipe for job growth. >> everything he just said about my tax plan is inaccurate. >> reporter: they clashed on wall street, whether banks should be too big to fail, and medicare. >> cutting $716 billion from medicare to be able to balance the additional cost of obama care is, in my opinion, a mistake. >> if you repeal obama care, and i have become fond of this term, obama care, if you repeal it, what happens is those seniors right away are going to be paying $600 more in prescription care. >> reporter: the fiercest exchange over heal
. >> you said you'd cut the deficit in half. it's four years later, we still have trillion-dollar deficit. >> the way we do is for additional cut, we ask for a dollar of additional revenue, paid for, as i indicated earlier, by asking those of us who have done very well in this country to contribute a little bit more to reduce the deficit. >> reporter: the president insisted romney would spend $5 trillion on tax breaks favoring the wealthy. >> math, common sense and our...
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Sep 30, 2012
09/12
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WRC
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we're focused on a fescal deficit not a human deficit, and we have a human deficit in this country. we have 27 million people either unemployed, working part time, unwillingly, or dropping out of the labor market. >> schieffer: let me work michelle into this conversation. as you sit here hearing this, it's always education that seems to wind up at the back of the line. >> that's right, that's right. and i think that in education, you are already starting to see a shift. if you look at what happened a couple weeks ago in chicago. you have a democratic mayor, rahm emanuel, who is facing a $300 million deficit in the city, who is looking at 80% of the children in the city not operating on grade level in reading or mathematics. where they had the shortest school day and school year of anywhere in the country, and he's finally, uplike many democratic politicians, said enough is enough. i'm not going to give you these raises without-- what the union wanted was lifetime job security and absolutely no accountability. so he said we can't-- we can't continue on that track. and i think for him
we're focused on a fescal deficit not a human deficit, and we have a human deficit in this country. we have 27 million people either unemployed, working part time, unwillingly, or dropping out of the labor market. >> schieffer: let me work michelle into this conversation. as you sit here hearing this, it's always education that seems to wind up at the back of the line. >> that's right, that's right. and i think that in education, you are already starting to see a shift. if you look...
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Sep 27, 2012
09/12
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FOXNEWS
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over the last four years the deficit has gone up. but 90% of that is consequence of two wars that weren't paid for. prescription drug plan that wasn't paid for. worst economic disaster since depression. >> dana: he got four pinocchios. >> greg: nobody is buying this. this is presidential equivalent of the dog ate my homework or the president ate my dog who ate my homework. let it go. it's over. both parties are to blame about spending. but he tied a rocket to it. you know? that is a fat guy tweaking. >> do we even know what kind of dog? >> dana: i don't really -- >> eric: talk walking down the street -- >> greg: who speaks for eaten dog. >> bob: good example of -- do go ahead. >> eric: to give you an example. okay. so -- [over talking ] under president obama whic thiss what we have gotten. $100, economic activity. it cost us $3 trillion. $300 in debt. but to get $300 in debt, you have to spend $700. you have to spend $700 to get the $100 economic activity under president obama. >> kimberly: don't give that to bob. >> eric: give me a
over the last four years the deficit has gone up. but 90% of that is consequence of two wars that weren't paid for. prescription drug plan that wasn't paid for. worst economic disaster since depression. >> dana: he got four pinocchios. >> greg: nobody is buying this. this is presidential equivalent of the dog ate my homework or the president ate my dog who ate my homework. let it go. it's over. both parties are to blame about spending. but he tied a rocket to it. you know? that is a...
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Oct 2, 2012
10/12
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CSPAN2
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eye 114
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in terms of achieving the same amount of deficit reduction over the 10-year window. just use the budge -- budget committees and budge budget process to enforce this. to come up with reforms that achieve certain spending or revenue targets. the tpc's analysis is the kind of analysis we're going to need to be able to recycle as we go. it is the kind of analysis we need because it tells us something about what each can looks like in its present form. it tells us do we really want to use this can like this or do we need to melt it down and reshape it and use it for different parts of the whole system? and we're going to need more of these analyses. we'll need more analyses not just the distributional effects but the tradeoffs. for example if we want to keep tax cuts low, we need to broaden the base. what are some different tradeoffs if i want to lower the rates by 10%, how much am i going to have to broad the base. what are the most progressive elements of that? tax policy center will be busy in the next year is what i predict and, i think that what wee need to do is kee
in terms of achieving the same amount of deficit reduction over the 10-year window. just use the budge -- budget committees and budge budget process to enforce this. to come up with reforms that achieve certain spending or revenue targets. the tpc's analysis is the kind of analysis we're going to need to be able to recycle as we go. it is the kind of analysis we need because it tells us something about what each can looks like in its present form. it tells us do we really want to use this can...
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Sep 30, 2012
09/12
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WJLA
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one thing that both sides could agree on today is the pace of deficit reduction. they may go about it different ways but we need to bring the deficit down graduly. right now we are facing the fiscal cliff. nothing will be resolved before november. i believe political forces after the november election will push both sides to a compromise. the one tax that will come down is the uncertainty tax. the uncertainty of washington politics will be positive for the u.s. economy. >> that's true. companies have been in lockdown mode. they don't want to make a decision with uncertainty out there. >> it is infuriating. >> it is. >> watatching washington not understand the incredible drag they put on the u.s. economy by not making a decision. american business is very good at makes money if they tell you the rules of the game. it is like you are playing the first half of the game but you don't know the rules the second half. what does everybody do? they wait and see. getting past that, a plan to bring the deficit down gradually and knowing the taxes over the next decade would b
one thing that both sides could agree on today is the pace of deficit reduction. they may go about it different ways but we need to bring the deficit down graduly. right now we are facing the fiscal cliff. nothing will be resolved before november. i believe political forces after the november election will push both sides to a compromise. the one tax that will come down is the uncertainty tax. the uncertainty of washington politics will be positive for the u.s. economy. >> that's true....
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Sep 30, 2012
09/12
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CNBC
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eye 150
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one thing both sides could agree on actually today is the face of deficit reduction. they may go about it different ways but we need to bring the deficit down gradually. right now we're facing the fiscal cliff. nothing will get resolved before november, but i believe political forces after the november election will push both sides to a compromise. i do think we'll see a compromise. you know, the one tax that's got to come down next year is the uncertainty tax, the uncertainty about washington policy will be reduced over the next six months and be a positive for the u.s. economy. >> it's true, because companies have been in lockdown mode. they don't want to make decision with this uncertainty out there. >> it's so infuriating watching -- >> it is. >> -- washington not understand the incredible drag they put on the u.s. economy by simply not making a decision on these basic -- you know, american business is very good at making money if you tell them the rules of the game but it's like playing -- you're playing the first half of the game but don't know what the rules ar
one thing both sides could agree on actually today is the face of deficit reduction. they may go about it different ways but we need to bring the deficit down gradually. right now we're facing the fiscal cliff. nothing will get resolved before november, but i believe political forces after the november election will push both sides to a compromise. i do think we'll see a compromise. you know, the one tax that's got to come down next year is the uncertainty tax, the uncertainty about washington...
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Sep 29, 2012
09/12
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CSPAN2
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eye 138
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there is no one who is saying we should widen the deficit. everyone exceeds to it that the real debate is about how we get it done and also the nature of the government that is the consequence of how gets them. obviously government will grow. if you shrink the budget the government will retract and that has implications to the budget. it's an ongoing debate always in america but if you think about what has been accomplished in the last year everyone knows we have to solve the problem. how to solve what has resulted in an impasse and, but the fact that everybody agrees it needs to be solved is really the most important thing. >> but it seems to me that it's a math problem and as you said, if you have got you know slow but stable growth for an extended period of time here than ultimately the raponos have to go up and expenditures have to go down. neither of which is particularly healthy in terms of economic growth. if you have taxes going up in the united states and expenditures going down ultimately that has to happen if you are going to solve
there is no one who is saying we should widen the deficit. everyone exceeds to it that the real debate is about how we get it done and also the nature of the government that is the consequence of how gets them. obviously government will grow. if you shrink the budget the government will retract and that has implications to the budget. it's an ongoing debate always in america but if you think about what has been accomplished in the last year everyone knows we have to solve the problem. how to...
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Sep 29, 2012
09/12
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CSPAN2
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eye 128
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there's no one who is saying we have to widen the deficit or the deficit, as wide as it is, it's not a problem. everyone exceeds to it, but the debate is about how to get it done, and also, the nature of the government that's the consequence of how it gets done. if you spend more, government grows. if you shrink the budget, government contracts, and that has implications for the republic that have been debated since jefferson and hmm lton. it's an ongoing debate always in america, but if you think about what's been accomplished in the last year, everyone knows we have to solve the problem. how we solve it resulted in the impasse, but the fact everyone agrees it needs to be solved is really the most important thing. >> but it seems to me that it's a math problem, and as you said, if you've got, you know, slow, but stable growth for an extended period of time here, then ultimately, revenues have to go up and expenditures have to go down. neither of which is particularly healthy in terms of fostering economic growth. if you have taxes going up in the united states and expenditures go do
there's no one who is saying we have to widen the deficit or the deficit, as wide as it is, it's not a problem. everyone exceeds to it, but the debate is about how to get it done, and also, the nature of the government that's the consequence of how it gets done. if you spend more, government grows. if you shrink the budget, government contracts, and that has implications for the republic that have been debated since jefferson and hmm lton. it's an ongoing debate always in america, but if you...
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Oct 2, 2012
10/12
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CSPAN
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the obama budget has been scored by the cbo and has a 2.4% deficit-reduction in the next 10 years. you can argue over what you think that is enough in not to stabilize the debt to gdp ratio but conversely, i'm not actually sure i would want to see ronnie detail all of the tax expenditure changes he says he will come up with. the problem, of course, is betting campaign, if people -- is tt in campaigns, if people start putting out more detailed proposals, demobilize the opposition. this is kind of like the 1993 securities commission. the two parties can hold hands and they do not start out being a brahney proposal or an obama proposal or a republican proposal or a democrat proposal. i am interested in what is in the debates in the next four weeks -- i am less interested in what is in the debates in the next four weeks and then what the vendor does in the weeks after the election. >> why would you like to hear -- what would you like to hear obama say in the weeks after the election? >> we are not going to have a deal that does not have revenues and spending. the biggest obstacle is on
the obama budget has been scored by the cbo and has a 2.4% deficit-reduction in the next 10 years. you can argue over what you think that is enough in not to stabilize the debt to gdp ratio but conversely, i'm not actually sure i would want to see ronnie detail all of the tax expenditure changes he says he will come up with. the problem, of course, is betting campaign, if people -- is tt in campaigns, if people start putting out more detailed proposals, demobilize the opposition. this is kind...
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Oct 4, 2012
10/12
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WMAR
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deficit reduction plan. >> my number one principle is there'll be no tax cut that adds to the deficit. >> reporter: the president challenged thnumbers. >> it is not possible to come up with enough deductions and loopholes that only affect high income individuals to avoid either raising the deficit, or burden the middle class. it's -- it's mad. >> reporter: romney emphasized one of the campaign principles. >> it's absolutely extraordinary, we have 23 million people out of work. >> reporter: the debate low on drama and high on energy particularly from romney. >> the format lent itself to one of the candidates; i think he set the standard for it. i didn't think the president was rusty as much as i don't think anybody has ever spoken to him like that over the last four years. >> reporter: the real test comes on november 6th no matter what happened last night. the next presidential debate takes place on october 16th in new york. and the third at the end of the month in florida. the vice presidential candidates square off next week in kentucky. reporting live in denver, i'm sandra endo. bac
deficit reduction plan. >> my number one principle is there'll be no tax cut that adds to the deficit. >> reporter: the president challenged thnumbers. >> it is not possible to come up with enough deductions and loopholes that only affect high income individuals to avoid either raising the deficit, or burden the middle class. it's -- it's mad. >> reporter: romney emphasized one of the campaign principles. >> it's absolutely extraordinary, we have 23 million people...
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Oct 4, 2012
10/12
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MSNBCW
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the federal subsidy for pbs in 2012 doesn't make up a huge part of this deficit. for example, 2012, the federal subsidy for pbs was $444 million. if you compare that to romney's plan for the federal budget, you'll see how miniscule it is. pbs subsidy, $444 million. but if you look at the tax breaks to oil and gas companies that romney defended last night, those add up to $4 billion this year alone. and take a look at mitt romney's plan for the defense budget. he wants to increase spending by $2 trillion over the next ten years. so, i mean, big bird is a big diversion to what he's really talking about in terms of the deficit. >> well, i think those of us out here crave specifics from governor romney. and when he's talked about this in the past, he's often thrown big bird under the bus. i don't know what would happen if he threw big bird under the bass. maybe the bus would go off the road. but never the let's, he has this little set piece he does. do you want to know what i'll cut? i'll cut pbs and big bird, the national endowment of humanities and the amtrak subsid
the federal subsidy for pbs in 2012 doesn't make up a huge part of this deficit. for example, 2012, the federal subsidy for pbs was $444 million. if you compare that to romney's plan for the federal budget, you'll see how miniscule it is. pbs subsidy, $444 million. but if you look at the tax breaks to oil and gas companies that romney defended last night, those add up to $4 billion this year alone. and take a look at mitt romney's plan for the defense budget. he wants to increase spending by $2...
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Oct 1, 2012
10/12
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CSPAN2
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if you think about it i would argue that the inability of the government to fix this borrowing debt deficit issue in the book, vice president biden's chief of staff, talking about the economic crisis in 2011, that's exactly what is going on. there is so much evidence that it is the biggest future. we are on the path becoming europe and greece. you just can't keep borrowing money. there is a stunning and fiction in this country, and we need some sort of we need some serious intervention. in the book, what i attempt to do is take people to the presidents and leaders and tell you exactly because of the luxury of time and my publisher, simon & schuster, i declined to get the meeting notes to get the exact detail to interview president obama and speaker boehner and the key players in this. i just want to take one quick snapshot from what happened that we didn't know about, which is critical. when the cops pull up less when the president was upset, he called the congressional leaders on a saturday morning at 11:00 o'clock a.m. the democratic and republican leaders were trying to work out their ow
if you think about it i would argue that the inability of the government to fix this borrowing debt deficit issue in the book, vice president biden's chief of staff, talking about the economic crisis in 2011, that's exactly what is going on. there is so much evidence that it is the biggest future. we are on the path becoming europe and greece. you just can't keep borrowing money. there is a stunning and fiction in this country, and we need some sort of we need some serious intervention. in the...
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you said you would cut the deficit in half. and we'll have a trillion dollar deficit each of the next four years. if you are re-elected we'll get to a trillion dollar deficit. you said before you would cut it in half. i love this idea of $4 trillion in cuts. you've found $4 trillion to get closer to a balanced budget, yet we still have trillion dollar deficits every year. let me come back -- why don't i want to raise taxes? why don't i want to raise taxes on people? and actually you said it. back in 2010, you said, look, i'm going to extend the tax policies we have. i won't raise taxes on anyone. when we're in a recession, you shouldn't raise taxed on anyone. the economy is still growing slow. as a matter of fact, it's growing much more slowly now than when you made the statement. if you believe the same thing, you don't want to raise taxes on people. and the reality is, it's not just wealthy people, not just donald trump are you taxing. it's all the businesses that employ one quarter of the workers in america, that are taxes a
you said you would cut the deficit in half. and we'll have a trillion dollar deficit each of the next four years. if you are re-elected we'll get to a trillion dollar deficit. you said before you would cut it in half. i love this idea of $4 trillion in cuts. you've found $4 trillion to get closer to a balanced budget, yet we still have trillion dollar deficits every year. let me come back -- why don't i want to raise taxes? why don't i want to raise taxes on people? and actually you said it....
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one more point*. >> we had this discussion before the. >> in order to reduce the deficit there have to be revenue in addition to cut. >> mitt romney has ruled out revenue. >> absolutely. neil: okay. i think the gist of that was how to get the deficit under control in have to have a mix of spending cuts and tax increases. and what about the president in a mitt romney to some ratio? and that it would not cut it for him. i don't think he scored. i think romney clearly one. he does need to provide more specifics, but i think he was in command. he made a couple of statements that need to be clarified. and he does not want more revenue but he wasn't true growth not taxes. what do you define as more revenue? as compared to current gdp your under current law? we are under much higher levels than before. to thing surprised me. obama's said social security doesn't have a problem. it needs tweeting. it is underfunded $8 trillion and he also said his idea was not that different than governor romney's. especially since the president has not said much but when the president compared himself to bill
one more point*. >> we had this discussion before the. >> in order to reduce the deficit there have to be revenue in addition to cut. >> mitt romney has ruled out revenue. >> absolutely. neil: okay. i think the gist of that was how to get the deficit under control in have to have a mix of spending cuts and tax increases. and what about the president in a mitt romney to some ratio? and that it would not cut it for him. i don't think he scored. i think romney clearly one....
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Oct 1, 2012
10/12
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KPIX
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eye 254
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we're focused on a fescal deficit not a human deficit, and we have a human deficit in this country. we have 27 million people either unemployed, working part time, unwillingly, or dropping out of the labor market. >> schieffer: let me work michelle into this conversation. as you sit here hearing this, it's always education that seems to wind up at the back of the line. >> that's right, that's right. and i think that in education, you are already starting to see a shift. if you look at what happened a couple weeks ago in chicago. you have a democratic mayor, rahm emanuel, who is facing a $300 million deficit in the city, who is looking at 80% of the children in the city not operating on grade level in reading or mathematics. where they had the shortest school day and school year of anywhere in the country, and he's finally, uplike many democratic politicians, said enough is enough. i'm not going to give you these raises without-- what the union wanted was lifetime job security and absolutely no accountability. so he said we can't-- we can't continue on that track. and i think for him
we're focused on a fescal deficit not a human deficit, and we have a human deficit in this country. we have 27 million people either unemployed, working part time, unwillingly, or dropping out of the labor market. >> schieffer: let me work michelle into this conversation. as you sit here hearing this, it's always education that seems to wind up at the back of the line. >> that's right, that's right. and i think that in education, you are already starting to see a shift. if you look...
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Oct 3, 2012
10/12
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CNBC
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eye 261
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that's a lot of revenue that could help with deficit, deficit reduction and our debt structure. the third piece of that is we could become more energy secure as a nation. today we're less reliant on outside sources. new technologies have allowed us to produce all the energy we'll need right here at home. if we create policies to allow us to use americans to create american energy, it'll benefit us all. those are the things that could be done immediately. >> so how come the administration isn't doing it, if it's that obvious these jobs can be created soon? >> well, it's unfortunate because i think their limitations on the industry is driven by, in my view, extreme ideology. it's driven by an irresponsible view that we can switch from one energy form to the other overnight. somehow, we can take the 62% of our energy in the u.s., which happens to be oil and natural gas, and just flip a switch and turn that to wind mills or solar panels. all energy forms are important to us, but the reality is it took us 100 years in the united states to get off wood as our primary form of energy. w
that's a lot of revenue that could help with deficit, deficit reduction and our debt structure. the third piece of that is we could become more energy secure as a nation. today we're less reliant on outside sources. new technologies have allowed us to produce all the energy we'll need right here at home. if we create policies to allow us to use americans to create american energy, it'll benefit us all. those are the things that could be done immediately. >> so how come the administration...
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Oct 2, 2012
10/12
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CNBC
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eye 87
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we have seen a budget come out that continues to bring the deficit down to sustainable levels. europe has pledged to work in partnership with spain to make sure its banks get recapitalized and continue to afford a access the markets. we will see as they work in the partnerships the days ahead again, they have the tools and we see the political will on the part of the spanish go >> you watch spain, you just got back from china. i have a bunch of questions about china, stories in the paper, lael, in china is the first question, the second question is the republican nominee, mitt romney, has accused the obama administration of not being tough enough on china. the third question you have a report coming out october 15th on whether china is a currency manipulator. what are you going to say? >> well, let me just start with your first question. china's leadership team is undergoing a transition process and confront important questions how they are going to take forward their economic policy. steve, as you know, since day one, president obama's been extremely focused on achieving a mor
we have seen a budget come out that continues to bring the deficit down to sustainable levels. europe has pledged to work in partnership with spain to make sure its banks get recapitalized and continue to afford a access the markets. we will see as they work in the partnerships the days ahead again, they have the tools and we see the political will on the part of the spanish go >> you watch spain, you just got back from china. i have a bunch of questions about china, stories in the paper,...
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Sep 27, 2012
09/12
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FBC
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eye 190
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do we want four more years of trillion dollar deficits? i don't believe we can afford four more years like the last four years. lou: a new report highlights governor rome -- governor romney's criticisms showing household incomes fell by an average rate of more than 8%. the census bureau revealing the number of people in poverty rose by 3 million in the first three years of the obama administration. we'll take all of that here tonight with former economic adviser to president reagan, economists, author laffer, and digital politics editor, and former bush adviser brad blakeman to separate facts from fiction in the world of presidential polls and strategies. early voting has presidential votes cast in more than half the country by next week. shannon has our report. the president's poll numbers in ohio getting a boost from stronger economic numbers, but there's head winds pressuring the campaign. the white house chief correspondent, ed henry, reports. >> since early voting starts tuesday here in ohio, it was a familiar script for president oba
do we want four more years of trillion dollar deficits? i don't believe we can afford four more years like the last four years. lou: a new report highlights governor rome -- governor romney's criticisms showing household incomes fell by an average rate of more than 8%. the census bureau revealing the number of people in poverty rose by 3 million in the first three years of the obama administration. we'll take all of that here tonight with former economic adviser to president reagan, economists,...
WHUT (Howard University Television)
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150
Sep 28, 2012
09/12
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WHUT
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the aim is to reduce the fiscal deficit by $39 billion. this will be achieved through an increase in the value-added tax rate introduced early this month. and a new tax on lottery winners. with the new budget the government aims to cut the deficit to 4.5% of the gross domestic product in 2013. it aims to lower the rate to less than 3% in 2014 to fulfill its pledge to the european union. but observers say the government may face difficulties to achieve its reduction target this year. they cite sluggish growth in tax revenue due to deteriorating economy that is worse than many analysts had expected. >>> the world's auto makers unveiled their next generation eco-friendly concept cars at the paris motor show. the exhibition opened to the media on thursday, over 270 companies are taking part this year. germany's porsche and bmw debuted concept cars with eco friendly features. models include plug-in hybrids charged from household power out lets. nissan revealed the concept car, powered by fuel cells. the terra comes with a tablet device that ser
the aim is to reduce the fiscal deficit by $39 billion. this will be achieved through an increase in the value-added tax rate introduced early this month. and a new tax on lottery winners. with the new budget the government aims to cut the deficit to 4.5% of the gross domestic product in 2013. it aims to lower the rate to less than 3% in 2014 to fulfill its pledge to the european union. but observers say the government may face difficulties to achieve its reduction target this year. they cite...
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Oct 4, 2012
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you said you would cut the deficit in half. we still have trillion dollar deficit. less cbs as we will have a trillion dollar deficit in the next four years. >> president obama interrupted again -- think romney might win a and oscar but it was untethered from the truth. the president echoed the complaint. >> i met this very spirited fellow the claim to be a romney. how but it could not have been a robbery. because the real mitt romney has been a are a country for the last year promising 5 trillion dollars in tax cuts that favors the wealthy. the fellow is state last night said he didn't know anything about that. >> leaving denver, met romney can look pleased with himself. one day does not affect the way most people intend to vote, but it means the next string of opinion polls are important. if it narrows, it suggest romney is back in the gate. but if they do not, even after a victory, then he really is in the hole. >> how important was the first debate? i spoke to apolitical blotter and polling number cruncher and the author of a new book, "the signal and the noise,
you said you would cut the deficit in half. we still have trillion dollar deficit. less cbs as we will have a trillion dollar deficit in the next four years. >> president obama interrupted again -- think romney might win a and oscar but it was untethered from the truth. the president echoed the complaint. >> i met this very spirited fellow the claim to be a romney. how but it could not have been a robbery. because the real mitt romney has been a are a country for the last year...
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you said you cut the deficit in half. we still have a trillion dollar deficit. >> mitt romney came into the debate trailing in the polls but that could change after last night's performance. >> any time a challenger stands
you said you cut the deficit in half. we still have a trillion dollar deficit. >> mitt romney came into the debate trailing in the polls but that could change after last night's performance. >> any time a challenger stands
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Oct 4, 2012
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no tax cut that adds to the deficit. i want to reduce the burden being paid by middle income americans. to do that, that also means i cannot reduce the burden paid by high-income americans. any language to the contrary is not accurate. >> let's talk about taxes, because i think it is instructive. four years ago when i stood on this stage i said i would cut taxes for middle class families. that's exactly what i did. we cut taxes for middle class families by about $33,600. -- by about $3,600. the reason is, i believe we do best when the middle class does well. and by giving them those tax ts, they have a little more money in their pocket so maybe they can buy a new car. they are certainly in a better position to weather the extraordinary recession we went through. they can buy a computer for their kid who is going off to college. it means they are spending more money, businesses have more profits and then hire more workers. now governor romney's proposal that he's been promoting for 18 months calls for a $5 trillion tax cu
no tax cut that adds to the deficit. i want to reduce the burden being paid by middle income americans. to do that, that also means i cannot reduce the burden paid by high-income americans. any language to the contrary is not accurate. >> let's talk about taxes, because i think it is instructive. four years ago when i stood on this stage i said i would cut taxes for middle class families. that's exactly what i did. we cut taxes for middle class families by about $33,600. -- by about...
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that tax increase only pays for 8 percent of the proposed deficit spending. that's not a ticket to recovery. >>neil: you have made the argument clearly, the rap against the guys at the top of your ticket, he is not, he is very smart, he knows what he is doing, et cetera, but he lacks the passion, and i am sure you heard the stories that a number of g.o.p. money guys and operatessives have said, get ryan out there, get him going. is that true in is this part of an effort to showcase the passion of the ticket? >>guest: i do so many tv interviews, i have done over 100. i am doing them regional, and i'm talking to richmond, dayton, to wisconsin tv, colorado springs, yesterday, and ft. collins. >>neil: are you troubled by the wisconsin poll, and they are just polls, but for -- this is a snapshot of the moment -- but trailing further. >>guest: i don't believe the validity of that poll. here the deal, we are going to give the country a choice. the country deserves to have a choice. the choice we are offering is, do you want the traditional american idea of limited g
that tax increase only pays for 8 percent of the proposed deficit spending. that's not a ticket to recovery. >>neil: you have made the argument clearly, the rap against the guys at the top of your ticket, he is not, he is very smart, he knows what he is doing, et cetera, but he lacks the passion, and i am sure you heard the stories that a number of g.o.p. money guys and operatessives have said, get ryan out there, get him going. is that true in is this part of an effort to showcase the...
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can you tell us otherwise you will end up with $40 trillion deficit, which tax loopholes will you close? >> kimberly: playing the role of mitt romney, eric bolling. >> eric: when you lower taxes and let people keep more of their money you bring growth back. >> bob: we have seen that work. >> kimberly: he won the debate. that easy. andrea what is your question? >> andrea: bill clinton spoke at the convention and he seemed to help barack obama. i am going to bring up bill clinton. president obama, when bill clinton left office he balanced the budget, cut social programs the unemployment number was low. urn your watch, the opposite happened. we have seen the budget been busted. so how are you like bill clinton? that is a tough question for him to answer. if it's me, i ask him, listen, i release my taxes. you have yet to release academic records, the white house records, see what he says. that would be tougher to answer. >> bob: for eight years we were all in a coma. curious. >> kimberly: bob is out of order. we're bring you back in "e" block. >> bob: clinton to obama. >> kimberly: guess wh
can you tell us otherwise you will end up with $40 trillion deficit, which tax loopholes will you close? >> kimberly: playing the role of mitt romney, eric bolling. >> eric: when you lower taxes and let people keep more of their money you bring growth back. >> bob: we have seen that work. >> kimberly: he won the debate. that easy. andrea what is your question? >> andrea: bill clinton spoke at the convention and he seemed to help barack obama. i am going to bring up...
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because it will sort of focus our priorities, getting the country's debt and deficit under control. what do you think about that? >> well, sequestration cuts the good along with the bad. not everything government does is wasteful. not everything government does is good. go after the wasteful first, go after the policies which we know don't achieve the goals they were set out to meet. we don't think sequestration -- sequestration was set up as a threat, such a horrible threat that it would force congress to act and hasn't forced congress to act yet. we hope it will in the lame duck, that they'll take thoughtful steps by going after wasteful programs first. >> you're right. it hasn't gotten them to act yet. ryan, good to talk to you. thanks so much. >> thanks so much for having us. >> see you soon. "fast money" begins at the top of the hour. >>> our traders give you the top picks for the fourth quarter. then we'll have all the headlines coming from the value investing congress. our traders will give you the trade. we'll also have the founder of 13 d monitor tell you how you could inve
because it will sort of focus our priorities, getting the country's debt and deficit under control. what do you think about that? >> well, sequestration cuts the good along with the bad. not everything government does is wasteful. not everything government does is good. go after the wasteful first, go after the policies which we know don't achieve the goals they were set out to meet. we don't think sequestration -- sequestration was set up as a threat, such a horrible threat that it would...
WHUT (Howard University Television)
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Sep 29, 2012
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. >> we were expecting to have a deficit that was going to be about 7% of the economy and it turned out to be 9%. we did not have the time to react. so weak in our political manifesto, the main aim was that we were going to give spain what it needed. there were not actual promises but as a general promised to try to manage the situation. the figures were worse but we were struggling. >> what would the opposition socialist to differently? spain has one of the biggest property bubbles followed by the collapse. >> we want comprehensive reform of the fiscal system. it has to be more progressive. we know in spain that corporations only pay 11% from their benefits. at the same time, there is a large number of citizens who do not pay taxes to income tax. they are liberal professions like people who put all their revenues inside society. we believe there has to be changes and we have to have a more comprehensive system that is able to control everybody. >> won the budget was announced, it was predictable. this economy has already seen 65 billion euros out of it this year. today was confirmed a
. >> we were expecting to have a deficit that was going to be about 7% of the economy and it turned out to be 9%. we did not have the time to react. so weak in our political manifesto, the main aim was that we were going to give spain what it needed. there were not actual promises but as a general promised to try to manage the situation. the figures were worse but we were struggling. >> what would the opposition socialist to differently? spain has one of the biggest property bubbles...
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no tax cuts as to the deficit. but i do want to reduce the burden being paid by middle income americans. to do that that means i cannot reduce the burden paid by high income americans. any language to the contrary simply not accurate. >> moderator: mr. president. obama: let's talk about taxes because they think it is instructive. four years ago when i stood on the stage, i said that i would cut taxes for middle-class families and that's exactly what i did. we cut taxes for middle-class families by about $3600. and the reason is because i believe that we do best when the middle class is doing well. and by giving them those taxes, they have a little more money in their pocket, so maybe they can bite in your car. they are certainly a better position to weather the extraordinary recession we went through. they can buy a computer for the kid going to college. they can spend my money, business have more profits and hire more workers. now, governor promised proposal that has been promoted for 18 months calls for a $5 tril
no tax cuts as to the deficit. but i do want to reduce the burden being paid by middle income americans. to do that that means i cannot reduce the burden paid by high income americans. any language to the contrary simply not accurate. >> moderator: mr. president. obama: let's talk about taxes because they think it is instructive. four years ago when i stood on the stage, i said that i would cut taxes for middle-class families and that's exactly what i did. we cut taxes for middle-class...
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we have to close our deficit. we will discuss how we deal with our tax code and how we make sure we are reducing spending in a response away and have enough revenue to make those investments. governor romney's central economic plan calls for a $5 trillion tax cut on top of the extension of the bush tax cut. $2 trillion in additional military spending -- without dumping the cost on the middle-class americans. that is one of the central questions of this campaign. >> you have spoken about a lot of different things. governor romney, do you have a question you would like to ask directly about something he just said? >> i do not have a tax-cut scale you're talking about. we have to provide tax relief to people in the middle class. i will not reduce the share of taxes paid by high income people. they are doing fine in the economy. the people who are having a hard time are middle-income americans. under the president's policies, they have been buried. middle income americans have seen their income decreased by $4,300. th
we have to close our deficit. we will discuss how we deal with our tax code and how we make sure we are reducing spending in a response away and have enough revenue to make those investments. governor romney's central economic plan calls for a $5 trillion tax cut on top of the extension of the bush tax cut. $2 trillion in additional military spending -- without dumping the cost on the middle-class americans. that is one of the central questions of this campaign. >> you have spoken about a...
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does this mean to he would tackle the deficit? >>> ann romney dishes to ja leno about mitt. >> would you say he is frugal or cheap? >> cheap. >> cheap. really cheap. okay. >> do you want to know what he does when he leave the house? he turns off the h water heat. >>o yo knot hoe w we come back from the house, he forgets he has to turn the hot water heater on, cold shers, they're not that bad. >> indeed. good day. i'm andrea mitchell live in new york. dueling messages in ohio where in a few moments both ndides wi beelin ch appearing only about 100 miles from each other but with sharply different messages. as president obama widens his ohio lead in the latest polls, joining me for our daily fix, chris cizilla, managing editor of post politics.com and "whington po" pic reporter karen tu multi. chris, first talk about the polls. how significant is it the double-digit lead in some polls now, cbs/"new york times" poll the trend first in "the washington post" and our wl street jourl/nbwsols weiso moving fairly steadily into the obama cam
does this mean to he would tackle the deficit? >>> ann romney dishes to ja leno about mitt. >> would you say he is frugal or cheap? >> cheap. >> cheap. really cheap. okay. >> do you want to know what he does when he leave the house? he turns off the h water heat. >>o yo knot hoe w we come back from the house, he forgets he has to turn the hot water heater on, cold shers, they're not that bad. >> indeed. good day. i'm andrea mitchell live in new york....
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no tax cut that adds to the deficit. but i do want to increase the dividend being paid to middle income americans, so i cannot reduce the burden paid by high-income americans. so any language to the contrary is simply not accurate. >> mr. president? >> well, i think, let's talk about taxes, because i think it's instructive. now, four years ago when i stood on this stage, i said that i would cut taxes for middle class families. and that's exactly what i did. we cut taxes for middle class families by about $3,600. and the reason is, because i believe that we do best when the middle class is doing well. and by giving them those tax cuts, they have a little more money in their pocket. so maybe they can buy a new car. they are certainly in a better position to weather the extraordinary recession that we've went through. they can buy a computer for their kid, who's going off to college. which means they're spending more money, businesses have more customers, businesses make more profits, and then hire more workers. now, govern
no tax cut that adds to the deficit. but i do want to increase the dividend being paid to middle income americans, so i cannot reduce the burden paid by high-income americans. so any language to the contrary is simply not accurate. >> mr. president? >> well, i think, let's talk about taxes, because i think it's instructive. now, four years ago when i stood on this stage, i said that i would cut taxes for middle class families. and that's exactly what i did. we cut taxes for middle...
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he promised to cut the deficit at the end of his first term. he's blown a hole in the deficit large enough to drive a mack truck through. >> sean: i want to go to ralph's point here. this president said the republicans want dirty air and water, that mitt romney is pretty much a murderer, they want kids with autism, down syndromes and the elderly to fend for themselves. this president has never been asked why he said those things and why he believes them. >> it's simple. there's 23 million giving up looking for work. you engage in personal attacks on your opponent. it's not going to work. i'll tell you why, it's not going to work because the failed economic record of this president, and it's not going to work because he's out of step with the values of mainstream perq. it doesn't how much they try to smear romney's faith, those personal attacks -- >> sean: he agree. >> when senator reid said this, and i don't think it was fortunate to say this, but when he said this about mitt romney's faith, we come after him, how come it was okay to for john b
he promised to cut the deficit at the end of his first term. he's blown a hole in the deficit large enough to drive a mack truck through. >> sean: i want to go to ralph's point here. this president said the republicans want dirty air and water, that mitt romney is pretty much a murderer, they want kids with autism, down syndromes and the elderly to fend for themselves. this president has never been asked why he said those things and why he believes them. >> it's simple. there's 23...
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cutting the deficit. romney ended with the divisiveness, saying he would on day one be able to be collaborative, bring the two sides together. and, of course, in his closing statements, was very specific in term of where he is going to allocate capital and where he would not. and he mentioned the military, insuring that keeping america safe is one of the priorities. and that means not cutting military spending. >> i want to get thoughts on the debate from our john harwood who is on the ground in denver. what is your first reaction? >> my first reaction is that it was a strong debate for mitt romney. it's always hard for me to judge what millions of americans sitting in their living rooms are going to conclude about the debate. neither candidate had a huge stumble. i thought mitt romney had an especially strong moment when he confronted the president on cutting the deficit and challenged him directly. the bottom line i take from talking to people who work in politics and campaigns is the republicans are an
cutting the deficit. romney ended with the divisiveness, saying he would on day one be able to be collaborative, bring the two sides together. and, of course, in his closing statements, was very specific in term of where he is going to allocate capital and where he would not. and he mentioned the military, insuring that keeping america safe is one of the priorities. and that means not cutting military spending. >> i want to get thoughts on the debate from our john harwood who is on the...